Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
Total cost = $8,600
Total units = 400 Units
Direct labor hour per unit = 5
Variable cost = $1.50
So, we can calculate the fixed cost by using following formula:
Fixed cost = Total cost - Total Direct labor cost
Where, Total direct labor cost = $1.50 × 5 × 400 = $3,000
By putting the value in the formula, we get
Fixed cost = $8,600 - $3,000
= $5,600
Answer:
b. The policy made decisions for other departments in the company.
Explanation:
John Smith made the policy alone without involving the other managers. When the policy was implemented, it had to work with other departments to ensure success.
As there are 3 managers and 3 departments at BSG Labs, John Smith should have formulated the new policy with the other managers, so that issues such as scheduling and coordination between bthe various departments will run smoothly.
Answer:
The amount of consolidated net income that will be assigned to the controlling interest for 2018 is $ 48,000.
Explanation:
In order to calculate consolidated net income profit and loss on intra group transactions are eliminated or not taken into account. So in order to calculate profit cost incurred by group is taken as cost of good sold and sales that is made to third party will be taken as revenue. Detail calculations are given below.
Revenue $ 100,000
COGS ($ 40,000) (50,000 *80%)
Profit $ 60,000-A
Consolidated net income controlling interest = A * 80% = $ 48,000
Answer and Explanation:
The journal entries are shown below:
1. The revised estimated amount of total compensation is
= 100,000 shares × $6
= $600,000
2. The action shows that the Farmer Fabrication cumulative effect for the year 2022 earnings
3. The journal entries are shown below:
For the year 2022
Compensation expense
To Paid-in Capital-Stock options $200,000
(Being the compensation expense is recorded) $200,000
For recording this we debited the compensation expense as it increased the expenses and credited the paid in capital as it increased the stockholder equity
The computation is shown below:
= $600,000 ÷ 3 years
= $200,000
Answer:
salary is a lump sum for work and fixed rate is a fixed rate that changes with amount of hours worked.
Explanation:
salary is a lump sum for work and fixed rate is a fixed rate that changes with amount of hours worked.
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